The Investment in New Ventures and Economic Success Today (INVEST) Bill of 2017 (S. 1144) would make a number of favorable changes for small businesses, including an increase in the deduction for startup costs to $50,000 (up from the current $5,000) and the Sec. 179 deduction to $2 million (up from the current $510,000), and making 50% bonus depreciation permanent. It would also change the dollar limits on depreciating most vehicles used for business. The AICPA has come out in favor the measure.
Barbara Weltman
Big Ideas for Small Business, Inc.
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